Added to YB: 2026-07-31
Pitch date: 2026-07-29
UTG [neutral]
Reaves Utility Income Fund
+0.55%
current return
Author Info
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Company Info
Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc.
Market Cap
$3.3B
Pitch Price
$38.00
Price Target
N/A
Dividend
6.38%
EV/EBITDA
N/A
P/E
2.76
EV/Sales
46.65
Sector
Capital Markets
Category
value
This is one UTG-ly mutha
UTG (holding update): PBSA REIT at £5.50, 36.5% discount to 865p EPRA NAV. NAV fall driven by yield expansion (5.1%→5.5%) not asset deterioration; PBSA scarce, essential, demand +3-7%, int'l stabilizing. £1bn disposal cuts LTV to 23-25%. FY27 boost +£27.5m via £18m synergies, ends Empiric drag. 6.9% div + 5% buyback accretion. Cheap.
Read full article (8 min)